'Be Bullish': NBC Claims Inflation 'Finally Peaked' Despite Soaring Prices

Nicholas Fondacaro | August 12, 2022
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***The complete post is on NewsBusters***

On Friday, NBC’s Today show joined the morning broadcast chorus of ABC and CBS in claiming a .6 percent drop in inflation heralded the end to America’s economic woes. And despite admitting food prices are still “soaring” and the price of crude oil was creeping up again, correspondent Sam Brock tried to paint a rosy picture of the economy.

“Also this morning, there are fresh signs the U.S. economy jolted by record inflation may finally be starting to pump the brakes on the runaway prices,” co-anchor Savannah Guthrie boasted. “And today the House is set to vote on that landmark economic and climate package passed along party lines in the Senate earlier this week.”

Brock initially agreed, noting that “gas prices falling is certainly a great first step because fuel affects the cost of just about everything else.” But he then informed Guthrie that “family and business owners” would tell her “food costs right now are soaring. Menus, in many cases, are double what they were a year ago and rents are relentless.”